Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282744 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16617
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Despite a conventional wisdom that female board members positively impact firm performance, a thorough examination of the research to date reveals no consensus that female board members have either a positive or negative effect on firm performance. We build the largest dataset of Australian board appointments assembled to date. We use our data to demonstrate how difficult it is to replicate existing research, with one example from Australia and one from the US. Using event studies and regression analyses we demonstrate that there is little evidence that female board representation affects firm financial performance.
Subjects: 
firm performance
board of directors
gender representation
female directors
JEL: 
J16
N20
G32
Document Type: 
Working Paper

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